Dimensional Fund Advisors LP Sells 366,081 Shares of Nutrien Ltd. (NYSE:NTR)

Dimensional Fund Advisors LP lessened its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,212,971 shares of the company's stock after selling 366,081 shares during the quarter. Dimensional Fund Advisors LP owned about 0.86% of Nutrien worth $188,512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Nutrien in the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC boosted its stake in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. raised its stake in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc acquired a new stake in Nutrien in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC boosted its position in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after purchasing an additional 416 shares during the period. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Up 0.6 %

NYSE:NTR traded up $0.34 on Friday, hitting $54.02. The stock had a trading volume of 1,708,989 shares, compared to its average volume of 2,098,238. The stock has a market cap of $26.40 billion, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm's fifty day simple moving average is $51.12 and its two-hundred day simple moving average is $49.40. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien's dividend payout ratio is currently 159.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. UBS Group cut their price objective on shares of Nutrien from $54.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Mizuho lifted their target price on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Oppenheimer lowered their price objective on shares of Nutrien from $60.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday. The Goldman Sachs Group initiated coverage on Nutrien in a research note on Thursday, March 13th. They set a "sell" rating and a $53.00 price target on the stock. Finally, Piper Sandler upped their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nutrien presently has a consensus rating of "Moderate Buy" and an average price target of $59.27.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.